From my article in The Sunday Times today. (Link to full article here).
“We have an administration utterly and completely bereft of foresight and an electorate inebriated by the borrowed surplus of the here and now: borrowed, of course, against a future no one is planning for.
“The bursting of bubbles is the reckoning of debts, of credit granted on the basis of a shared delusion. There’s little I can say that recent history has not already demonstrated. We were sheltered from 2008 by wise economic choices but it would be tragically ironic if being sheltered from the last global financial crisis means we end up not learning anything from it.
“Money is being funnelled into construction, instead of being invested into more realistic, promising and sustainable economic initiatives”.